Equipment was purchased at the beginning of the year for $55,000. The asset is expected to last for four years, at which time the estimated residual value will be $7,000. Prepare a table showing the year, the cost of the asset, the amount of depreciation expense each year, accumulated depreciation to date and net book value.

Do not enter dollar signs or commas in the input boxes. Only round final answers to the nearest whole dollar. Do not round during steps in the calculations. a) The company uses straight-line depreciation.

Year	Cost of Capital Asset	Depreciation Expense	Accumulated Depreciation To Date	Net Book Value
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b) The company used double-declining balance depreciation and the asset had no residual value.

Year	Net Book Value at the Beginning of the Year	Depreciation Expense	Accumulated Depreciation To Date	Net Book Value
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c) Assume that the company uses the units-of production method and that the estimated residual value will be $7,000. The asset can produce 1,100,000 units. Record of production: year 1 - 220,000 units; year 2 - 275,000 units; year 3 - 330,000 units; year 4 - 242,000 units.

Year	Cost of Capital Asset	Depreciation Expense	Accumulated Depreciation To Date	Net Book Value
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1	Answer	Answer	Answer	Answer
2	Answer	Answer	Answer	Answer
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4	Answer	Answer	Answer	Answer